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DISPOSAL OF SHARES THROUGH OPEN MARKET
(DEEMED INTERESTED BY VIRTUE OF HIS SUBSTANTIAL SHAREHOLDINGS, VIA OSK EQUITY HOLDINGS SDN. BHD., IN OSK VENTURES INTERNATIONAL BERHAD, THE HOLDING COMPANY OF OSKCP)

Total no of securities after change

Direct (units)

17,203,600

Direct (%)

19.680

Indirect/deemed interest (units)

7,530,661

Indirect/deemed interest (%)

8.610

Date of notice

22/04/2015

Remarks :

1. This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements.
2. The above open market disposal of 62,000 ordinary shares represents 0.07% of the total issued share capital of the Company.
3. The notice of change in Director's interest in shares was received from Dato' Dr Yu Kuan Chon on 22 April 2015.

Reference is made to EW Berhad’s announcements dated 25 April 2014 (“Announcement”), 28 April 2014, 23 September 2014, 23 October 2014, 10 November 2014, 19 November 2014, 12 December 2014, 15 December 2014, 17 December 2014, 7 January 2015, 8 January 2015, 22 January 2015, 23 January 2015, 6 February 2015, 17 February 2015, 24 March 2015, 30 March 2015 and 31 March 2015. All capitalised terms used herein shall have the same meanings as those set out in the Announcement unless otherwise stated.

Pursuant to Paragraph 6.62 of the Listing Requirements, EW Berhad must complete the implementation of the Corporate Exercises within six (6) months from the date the listing application relating to the Corporate Exercises (“Listing Application”) is approved by Bursa Securities. In this regard, EW Berhad is required to complete the implementation of the Corporate Exercises by 6 May 2015 (i.e. six (6) months from 7 November 2014, being the date of Bursa Securities’ letter approving the Listing Application).

EW Berhad had throughout the course of the past five and a half months from the date of Bursa Securities’ approval for the Listing Application, completed all the Corporate Exercises, save for the Placement, including the following:

(i) the Share Split which was completed on 23 January 2015;

(ii) the Acquisitions and Share Subscription which were completed on 6 February 2015; and

(iii) the Rights Issue with Warrants which was completed on 31 March 2015.

Given that the Corporate Exercises involve a series of exercises which requires a longer period of time to be completed, CIMB, AmInvestment and Maybank IB, have on behalf of EW Berhad, submitted an application to Bursa Securities today, to seek Bursa Securities’ approval for an extension of time of three (3) months up to 5 August 2015 (“Proposed Extension Date”) for EW Berhad to complete the Placement, and therefore, the Corporate Exercises. The Proposed Extension Date to complete the Corporate Exercises is in line with the last date for EW Berhad to comply with the public spread requirement by 6 August 2015, as approved by Bursa Securities via its letter dated 7 January 2015. Nonetheless, it is EW Berhad’s intention to complete the Placement soonest possible prior to the Proposed Extension Date.